"We have now flats, condos in Hong Kong selling for 9,000 USD per square foot. In America, the price level compared to the price level in some of these asian cities is actually quite low. So I think the US Dollar is no longer overvalued for the time being and the sentiment about the US dollar is so negative that we can have a rebound in the dollar for a couple of months. That would indicate some tightning of global liquidity and would be bad for asset markets as was the case in 2008, when the US dollar rebounded and all asset markets went down"
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil.
